All articles by Jonathan Williams – Page 115
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NewsNew PPF formula could double levy for some schemes, warns Barnett Waddingham
UK – More than one in five UK pension funds face a doubling of the levy it pays to the Pension Protection Fund (PPF), Barnett Waddingham has warned.
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NewsIrish finance minister to be given new powers over NPRF
IRELAND – The Irish government has announced plans to grant the minister for finance power over the National Pension Reserve Fund (NPRF).
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NewsUK roundup: NEST, Stewardship Code, Barnett Waddingham, Pension Capital Strategies, Towers Watson
UK – The introduction of the National Employment Savings Trust (NEST) will reduce annual management costs across the industry, pensions minister Steve Webb has said.
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NewsReport claiming £100bn deficit for UK local government schemes 'misleading'
UK – Industry figures have attacked a report claiming that England's 81 local government pension schemes (LGPS) have seen their deficits increase to £100bn (€118bn).
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NewsIndexation a 'tangled mess' in wake of CPI consultation paper, says Aon Hewitt
UK – Aon Hewitt has warned of ongoing confusion for pension funds after UK pensions minister Steve Webb unveiled the government’s paper on linking pension increases to the consumer price index (CPI).
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News
Mandate roundup: Lincolnshire, JLT, Morgan Stanley, Worcestershire, Avon
EUROPE – The £1.2bn (€1.3bn) Lincolnshire County Council Pension Fund has awarded Morgan Stanley Alternative Investment Partners a £150m alternatives mandate.
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News
Strathclyde to review RBS, Shell stakes due to poor ESG scores
UK – The £10.5bn (€12.1bn) Strathclyde Pension Fund has said it may scale back its investment in Royal Dutch Shell, Bank of America (BoA) and the Royal Bank of Scotland (RBS) due to concerns about their environmental, social and corporate governance (ESG) record.
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News
O'Higgins to replace Norgrove as chair at UK Pensions Regulator
UK – Michael O'Higgins is set to become the new chair of the UK Pensions Regulator (TPR), replacing incumbent David Norgrove.
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News
Financial crisis has been good for pension funds, says Amonis
IPE AWARDS – The recent financial crisis has been good for pension funds, the chief executive of Amonis said during a panel at the IPE Awards seminar in Monaco.
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NewsWednesday people roundup
GLOBAL – Aviva Investors, BNP Paribas Investment Partners, Centaur Fund Services, Lyxor Asset Management, UBS, Unigestion
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NewsIPE Awards: Experts warn against changing tack during financial storm
EUROPE – Pension experts have argued that schemes should stay the course when it comes to their asset allocation, rather than re-assessing during a financial crisis.
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NewsEuropean investor seeks exposure to US, Canadian equity
IPE QUEST – A European institutional investor is tendering a $40m (€30m) North American equity mandate, using IPE Quest.
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NewsPPF rejection of pension scheme reveals 'serious flaw' in UK legislation
UK – A UK pension scheme has been refused entry to the Pension Protection Fund (PPF), revealing what one industry figure called a "serious flaw" in pensions law.
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News
Portugal Telecom agrees pension transfer to state treasury
PORTUGAL – Portugal Telecom has agreed a deal that will see almost €3bn in pension assets transferred to the country’s treasury.
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NewsPension schemes for Hero complete Netherlands' first buy-in deal
NETHERLANDS – The pension schemes for food manufacturer Hero have completed the Netherlands' first pension buy-in, leading to calls that the method could be used as a stepping stone to completing a buy-out and liquidating pension schemes.
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NewsMandate roundup: Avon, Ealing, ING IM, ONVZ, BNP Paribas, ATOS Origin
EUROPE – The £1.8bn (€1.9bn) Avon pension fund is looking to appoint a manager to an active currency hedging mandate to hedge against the impact of currency fluctuations for £500m of its equity investments.
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News
Pension deficits for FTSE Global 100 companies jump to €160bn
GLOBAL – Companies in the FTSE Global 100 have seen their pension deficits rise to €160bn, an increase of 7%, according to a survey by LCP.
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NewsUK roundup: Northumbrian Water, Thames Water, Capita Hartshead, Morris Review
UK – Northumbrian Water has announced a £36m (€41m) reduction in its pension deficit after applying the consumer price index (CPI) as a measure in its latest half-yearly results.
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NewsWednesday people roundup
GLOBAL – AMPS, EIOPA, FSE Electriciens, Fundo, PensPlan, Pioneer Investments, PwC
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Features
Global systems lack an ‘A’
Comparing more than a dozen pension systems worldwide, some might expect at least one to achieve the highest mark. However, Mercer, working with the Australian Centre for Financial Studies (ACFS) on comparing retirement arrangements across the globe in its second Melbourne Mercer Global Pension index, was unable to award an ...
